The net income reported on the income statement for the current year was $115,500. Depreciation recorded on store equipment for the year amounted to $19,100. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows:

	End of Year		Beginning of Year
Cash	$45,740		$42,080
Accounts receivable (net)	32,800		31,100
Inventories	44,780		47,340
Prepaid expenses	5,030		4,000
Accounts payable (merchandise creditors)	42,860		39,810
Wages payable	23,420		26,010

a. Prepare the Cash flows from operating activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

Statement of Cash Flows (partial)
Cash flows from operating activities:
	$fill in the blank ebffc90a0f81070_2
Adjustments to reconcile net income to net cash flow from operating activities:
	fill in the blank ebffc90a0f81070_4
Changes in current operating assets and liabilities:
	fill in the blank ebffc90a0f81070_6
	fill in the blank ebffc90a0f81070_8
	fill in the blank ebffc90a0f81070_10
	fill in the blank ebffc90a0f81070_12
	fill in the blank ebffc90a0f81070_14
Net cash flow from operating activities		$fill in the blank ebffc90a0f81070_15

b. Cash flows from operating activities differs from net income because it does not use the of accounting. For example revenues are recorded on the income statement when .